Vietnam will become the leading digital country and economy in the ASEAN region by 2030 (Photo: cafebiz.vn) Hanoi (VNS/VNA) - Vietnam will become a leading digital country and economy in the ASEAN region by 2030 and allow testing of new technologies in the digital economy. This is one of the proposals in a draft project on national digital transformation by the Authority of Information Technology Application (AITA) under the Ministry of Information and Communications (MIC). The ministry assigned AITA to develop the project and submit it for approval in November. The project aims to realise orientations and policies of the Government to develop the economy based on digital technologies. Speaking at a conference to review MIC’s activities in the first half of the year this week, Nguyen Thanh Phuc, AITA’s director, said in the draft all people would be able to participate in the digital economy. Phuc said the main targets would include improving competitiveness of … [Read more...] about Vietnam plans to become leading digital economy in ASEAN by 2030
Leading digital business transformation
FPT and Shinhan Bank co-operate in digital banking
According to the MoU, both sides will join forces to develop and deliver information technology (IT) solutions such as digital banking and fintech. — VNS PhotoViet Nam News HÀ NỘI — Shinhan Bank, the largest commercial bank in South Korea, and Vietnamese technology group FPT signed a Memorandum of Understanding (MoU) on digital banking in Seoul on Thursday, aiming to leverage each other’s assets and capabilities to contribute to digitally transforming the banking and finance industry. According to the MoU, both sides will join forces to develop and deliver information technology (IT) solutions such as digital banking and fintech. With proven intensive experience in financial sector, Shinhan Bank will equip FPT with a wide range of in-depth knowledge and data regarding advanced digital banking system and competitive financial services in South Korea. FPT, as the leading technology corporation with 30 years’ experience, will provide Shinhan … [Read more...] about FPT and Shinhan Bank co-operate in digital banking
Digital transformation, key to corporate success
Digital transformation has become a key item on the agenda of every organisation and even government. At the ASEAN World Economic Forum this year, Viet Nam is joining nine other countries to not only celebrate the 50th anniversary of ASEAN, but also to discuss the challenges of the 4th industrial revolution, the technological revolution. Technology offers great solutions to various persistent problems, thus pointing to the need for digital transformation globally as well as in Viet Nam. A recent report by Microsoft and IDC titled “Unlocking the Economic Impact of Digital Transformation in Asia Pacific” pointed out that 84 per cent of business leaders in Southeast Asia acknowledge that every organisation needs to transform into a “digital business” to sustain growth. However, uncertainties remain when it comes to digital transformation. Asia-Pacific organisations consider shortage of skilled human resource their biggest challenge. Asian digital transformation … [Read more...] about Digital transformation, key to corporate success
Leading corporations set for Industry 4.0
(VEN) - The Fourth Industrial Revolution or Industry 4.0 is having a strong impact on all areas, including existing production and management systems. Enterprises should take the initiative in approaching new technologies and transforming production and trade models. Most SABECO breweries have been computerized and automated Initial success The Ministry of Industry and Trade’s Department of Science and Technology says a number of leading corporations in the fields of electricity, oil and gas, and beer, alcohol and beverage industries have applied advanced technology in compliance with Industry 4.0. The Saigon Beer - Alcohol - Beverage Corporation (SABECO), for example, has had most of its breweries computerized and automated. As the most modern factory of the corporation, the Saigon-Cu Chi brewery has been equipped with the Laboratory Information Management System (LIMS) to manage operations, compile data and monitor equipment and personnel. The Vietnam National Tobacco … [Read more...] about Leading corporations set for Industry 4.0
BUSINESS NEWS IN BRIEF 2/9
Agro-forestry-fishery exports generate 25.7 billion USD in 8 monthsThe agro-forestry-fishery sector raked in 3.13 billion USD from exports in August, raising the total value in the first eight months of this year to 25.7 billion USD, up 7.3 percent year-on-year. According to the Ministry of Agriculture and Rural Development, the best performers in the period included rice, fruit and vegetables, key forestry products and seafood. Exports to major markets like the Association of Southeast Asian Nations (ASEAN), the Republic of Korea (RoK), China, the US and Japan increased significantly over the past eight months. The country exported about 4.4 million tonnes of rice worth 2.2 million USD between January-August, up 6.8 percent in volume and 22.1 percent in value from the same period last year. In August alone, 441,000 tonnes valued at 209 million USD was shipped abroad. China remained Vietnam’s largest rice importer, making up 24.7 percent of the market … [Read more...] about BUSINESS NEWS IN BRIEF 2/9